Business · Markets · 11 hrs ago
East Asian markets rise after AI-related sell-off
East Asian markets opened the week higher after a sharp sell-off in AI-related shares last week.
Japan’s Nikkei 225 was up more than 3% two hours after trading began, while South Korea’s Kospi gained 1.2%.
Chipmakers Samsung Electronics and SK Hynix also rose, by 2.6% and 3.7%, respectively.
Hong Kong’s Hang Seng gained about 0.7%, and mainland China’s CSI 300 rose nearly 0.5%.
The rebound followed heavy losses on Wall Street, where S&P 500 companies lost nearly $3 trillion in market value on Thursday.
Investors were concerned about the future of AI businesses after Democrats won the US midterm elections, while the risk of higher oil prices linked to restricted shipping through the Strait of Hormuz also weighed on sentiment.
The gains offer a partial recovery, but the markets remain affected by concerns over AI and oil prices.
East Asian markets rose at the start of the trading week after a sharp sell-off in AI-related stocks on Wall Street the previous week.
Japan’s Nikkei 225 was up more than 3% two hours after trading began on Monday.
South Korea’s Kospi rose 1.2% at the same point, while Samsung Electronics and SK Hynix gained 2.6% and 3.7%.
Hong Kong’s Hang Seng Index rose about 0.7%, and mainland China’s CSI 300 gained nearly 0.5%.
The reports cited concerns about the future of AI business and the risk of higher oil prices linked to restricted shipping through the Strait of Hormuz as factors weighing on investor sentiment.
- Who
- East Asian markets, including the Nikkei 225, Kospi, Hang Seng and CSI 300, along with Samsung Electronics and SK Hynix.
- What
- Markets started the trading week higher after an AI-related sell-off on Wall Street.
- When
- Monday, November 9, 2026; the reported index gains were measured two hours after trading began.
- Where
- Japan, South Korea, Hong Kong and mainland China, following a sell-off on Wall Street.
- Why
- Markets recovered after the previous week’s AI-related sell-off. The reports also cite concerns about AI business prospects and higher oil prices.
This story does not have two clearly opposing sides.
A sharp sell-off in AI-related stocks on Wall Street also hit Asian markets.
S&P 500 companies lost nearly US$3 trillion in combined market value, according to 20 Minuten and Handelsblatt.
East Asian markets began the trading week with gains.
- Nikkei 225
- Up more than 3% two hours after trading began
- Kospi
- Up 1.2% at 11:00 local time
- Samsung Electronics
- Up 2.6%
- SK Hynix
- Up 3.7%
- Hang Seng Index
- Up about 0.7%
- CSI 300
- Up nearly 0.5%